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Search Results 0 to 99 of about 318 (some duplicates have been removed)
FOX
Dec 29, 2012 11:00pm EST
year's eve when we count down to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >> reporter: congress will try to find compromise. >> i am still optimistic and i think we can avert this and there is enough common sense to come together and get it solved
ABC
Dec 27, 2012 5:30am EST
any hope of avoiding the fiscal cliff. congressional officials say no negotiations have been set and without an agreement, automatic tax increases for everyone and deep cuts will be triggered in the new year. the main dispute continues to be over raising taxes. >>> news time right now 5:47. starbucks will tackle the fiscal cliff one cup at a time. the ceo how old shut wants workers in the -- howard schultz wants workers in the d.c. area store to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> if people would get in the room and lee their ego behind and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> now this is just a suggestion from the ceo of starbucks. and employees won't be forced to write anything but a customer's name on the cup. >>> news around the nation this morning, hawaii's governor announced lieutenant governor will fill the u.s. senate seat vacated by the death of daniel i
ABC
Dec 27, 2012 6:30am EST
a that doesn't mean they're any closer to a deal avoiding the fiscal cliff. congressional officials say they have no significant strides toward a compromise from the long christmas break. and they had no negotiations or meetings set right now. without an agreement, automatic tax increases for everyone and deep spending cuts will be trig everyday in the new year. -- triggered in the new year. the main dispute continues over who gets taxed and exactly how much they will be taxed. >>> ? less than two hours you can gamble around the clock. maryland live casino is now getting ready to open the doors and they will never close once that happens. own 24/7 and abc2 news linda so is live this morning at the casino and linda, are you playing yet? >> reporter: no, not yet. you said it yourself. it all happens at 8:00. you know it's never going to look this quiet again. because when they open those doors this morning at 8:00, this place as you said will be open every day of the week, 24 hours a day. this is the first casino in maryland to do so to tell us more about it this morning the general m
ABC
Dec 27, 2012 6:00am EST
of avoiding the fiscal cliff. congressional officials say they don't have any significant strides to a compromise. it didn't happen during the long christmas break and there are no negotiations currently on the books. without an agreement, automatic tax increases for everyone and deep spending cuts specifically to defense will go into effect on january 1st. the main dispute remains over who are you going to tax and how much. >>> three minutes after 6:00 right now. and get ready to gamble all hours of the night and day because at 8:00 this morning, maryland live casino will open their doors and they are going to stay open for 24 hours a day from now on. abc2 news linda so is live at the casino this morning with what we can expect. linda, good morning. >> reporter: hi, good morning. it all happens about two hours at 8:00 this morning. they will be opening the doors for good opening 24 hours a day, 7 days a week, 365 days a year. and exciting day here it's never going to look like this with nobody here ever again. joining us this morning is the general manager here at maryland live casi
FOX Business
Dec 27, 2012 8:00pm EST
cliff, congressional leaders are going to meet the president at the white house tomorrow. but the house is not scheduled to return until sunday. tonight, new information showing that mess is worse than we thought. we got the numbers to prove it to you. >> anything dealing with social security ought to be off the table. >> what we should not be doing right now is slash the benefits of social security. >> we should take social security off the table for the current phy fiscal cliff. >> do not cut social security. tom: many democrats pushing to keep social security off of the table in debt talks, we learn that the program is $48 billion in the hole for 2012, and small business authority barry sloan said that the entitlement programs are what got this country in this mess in the first place. i don't think that people pay attention to that. in the greenspan era they bumped up payroll taxes for excess money going in. about this is first time there are fewer people putting in than taking out. so government has to write a check. >> it is unfortunate, the lockbox was raided. there is nothing wro
FOX Business
Dec 27, 2012 11:00pm EST
, just 4 days before we fall off the phys cav clif -- te fiscal cliff, congressional leaders are going to meet the president at the white house tomorrow. but the house is not scheduled to return until sunday. tonight, new information showing that mess is worse than we thought. we got t want to know what i did in the last five hours? i played a rnd of golf. then i read a book while teaching myself how to play guitar; ran n miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ music kids will spend 15 minutes watching online videos like this one. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. >> anything dealing with social security ought to be off the table. >> what we should not be doing right now is slash the benefits of social security. >> we should take social security off the table for the current phy fiscal cl
FOX Business
Dec 30, 2012 4:00am EST
asking to avoid the fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. d now he passes on to the senate. senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to r
LINKTV
Dec 28, 2012 7:00pm PST
obama says he still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, whatever the senate proposes and passes on to the house, will it be acceptable to the majority of republicans in
CNN
Dec 28, 2012 4:00am PST
-stakes meeting later on today at the white house, on avoiding the fiscal cliff. president obama meets with four congressional leaders, boehner, pelosi, reid, and o'connell. the rhetoric getting more angry and disconnected in final moments. i want to bring in michigan senator debbie stabenow now. thank you so much for being with us. >> sure. >> it really is disconnected. everywhere i go, people ask me a simple question. why can't they get this deal done? harry reid got up and said we're just procedurally not going to get this done in time, it caused people to say why not? this is the most anticipated problem we've ever had. it just -- regular folks folks look at washington and say what is going on. >> ali, i'm here and saying what is going on. there are basically three pieces to solving the deficit, right? one is spending and we have agrowed to $1.6 trillion in spending cuts in the last two years and the other is spending cuts. we put forth spending cuts of over $700 billion. not cutting care to seniors, but cutting overpayments to insurance companies. the burden of the deficit must not just be on the middle class. t
FOX
Dec 28, 2012 5:00pm EST
november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the president calls congressional leaders to the white house, it's all political theatre or they have a deal. not that it's all political theatre. >> this is not for show but a last-ditch effort by the president to bring congressional leader together to try to get a small package at least, a small deal together before the new year. >> reporter: the president called the meeting as lawmakers pointed fingers in this high- stakes game of chicken. >> the republicans who are holding hostage the middle class in america society wealthy don't have to pay their fair share. >> we need two words: presidential leadership on not just taxing rich people. we could do that and it would not help the medicare fiscal cliff. >> reporter: with time running out, hopes have diminished with talk of a smaller deal extending bush tax rates for the middle school and unemployment benefits. it puts off major spending cuts and reforms to entitlements like healthcare. >> we're going to end up with a small, kick-the-can, down-the- road bill to make another f
KRON
Dec 28, 2012 6:00am PST
nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including "
FOX Business
Dec 28, 2012 1:00pm EST
see if the trading session and a few days until the fiscal cliff with time running out, president obama meets with congressional leaders in one hour and they do what they haven't been able to do for months, years, make the deal. wall street is anxiously awaiting washington. the dow down 79 points. how will the cliff shape the final stretch for stocks in 2012? the lackluster holiday shopping season comes to an end, detail is slashing prices trying to break even and get you to spend some box. retail analyst christian benz tells us why it could be too little too late. time for stocks every 15 minutes on the fox business network. lauren simonetti on the floor of the stock exchange. anything change? >> may be accelerated the losses, the dow is down by 79 points, market's weighting in less than an hour we have the key meeting on how to avert a fiscal cliff so we are in this standby mode. the final hour of trading should be interesting. this week has not been good. stock down five days in a row. all three major averages in the red for the week and monday is the last trading day of the year. 2012 has been good, this week not a
CBS
Dec 28, 2012 7:00am EST
and congressional leaders will meet later today trying to hammer out a deal on the fiscal cliff. we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's "eye opener," your world in 90 seconds. >>> the house and republican have left town. the negotiations between the president and speaker have fallen apart. you can't legislate with yourself. >>> republicans have bent over backward. we wanted an agreement, but we had no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led international
MSNBC
Dec 28, 2012 2:00am PST
, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers will feel it immediately in their paychecks. those paychecks will be reduced. those making 40,000, 50,000 are going to see 1700 less a year. it continues as the wages increase. so people are going to feel this in their pocketbooks. >> all right, danielle, thank you. >>> last night on the rachel maddow show, debbie stab nau talked about the looming fiscal cliff.
FOX
Dec 28, 2012 10:00pm EST
stocking up on ice melt and shovels. >>> as the clock ticks down towards the fiscal cliff, president obama says he is hopeful to get a deal done soon. the president held talks today with congressional leaders at the white house this afternoon and afterwards said the meeting was constructive. fox's nicole collins has the details tonight. >> reporter: house speaker john boehner back in washington immediately heading to the white house for a late afternoon fiscal cliff meeting which brought the president and congressional leaders together for the first time since november, but it's unclear if it brought country any closer to avoiding the fiscal cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words, presidential l
NBC
Dec 28, 2012 7:00am EST
the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been given the task of negotiating have continued their conversations looking for ways to try to bring a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of representatives is operating without the house of representatives. it's being operated
NBC
Dec 28, 2012 5:00am EST
over the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be given at least 60 days' notice before any furloughs of more than 22 days. they'll receive 30 days' notice for furloughs shorter than t
CBS
Dec 29, 2012 6:30pm PST
to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for th
ABC
Dec 28, 2012 5:00pm EST
showdown over the fiscal cliff. we are four days before the deadline. top congressional lawmakers wrapped up a meeting with president obama at the white house. among the leaders, republican house speaker john boehner and senate minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major p
CBS
Dec 27, 2012 5:00pm PST
we go tumbling over the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less
FOX
Dec 28, 2012 12:00pm PST
president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs
NBC
Dec 28, 2012 5:00pm EST
pileup. >>> now to the latest on the fiscal cliff talks tonight. a group of congressional leaders dropped a ball of their own today. theirs was a symbolic gesture. and released a disco ball. nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes
LINKTV
Dec 28, 2012 8:00am PST
-called fiscal cliff. obama and congressional republicans remain at an impasse over the republicans' refusal to allow tax hikes even for the wealthiest americans. if an agreement is not reached in time, $600 billion in automatic spending cuts and tax increases will go into effect on january 1. but the tax increases would not necessarily be permanent. the new congress could pass legislation to cancel them retroactively after it begins its work next year. >> while the so-called fiscal cliff has dominated the news headlines, the senate is also preparing to vote today to continue a controversial domestic surveillance program. in a blow to civil liberties advocates, the senate rejected three attempts thursday to add oversight and privacy safeguards to the foreign intelligence surveillance act. joining us from washington is democratic congressmember dennis kucinich. this is his last again congress after serving eight terms. since 1997, dennis kucinich has been a leading progressive voice on capitol hill, into these articles of impeachment against george w. bush, voted against the patriot
FOX
Dec 28, 2012 11:00pm EST
worse case scenarios the president offered a slim glimmer of hope on the fiscal cliff solution today. he met with congressional leaders one on one for a last make it or break it negotiation. fox's ed henry takes a look at where things stand just days away from the fiscal cliff. >> timing is we're out of time. we got to do it now. that's why i said the next 24 hours will be very important. >> reporter: with the nation on the verge of the largest tax increase since toward war 2 president obama called congressional leaders to the white house for one last desperate shot at a -- world war ii, president obama called congressional leaders to the white house for one last desperate shot at a deal. some republicans believe the meeting with the president is really just for show. >> when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. >> reporter: democrats insist the president tried for weeks to get an agreement on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting
CBS
Dec 29, 2012 6:00pm PST
billion in automatic tax hikes, as you just heard from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before.
ABC
Dec 28, 2012 6:00am PST
. >> j president obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday session. members of congress understand the 11th hour acts may not be enough to appease the public. >> the american people have a right to be very upset with this con
CBS
Dec 28, 2012 4:00am EST
obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start t
FOX Business
Dec 29, 2012 12:00am EST
. president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight
NBC
Dec 28, 2012 4:30am EST
crucial day in the effort to keep the country from going off the fiscal cliff. president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning,
NBC
Dec 28, 2012 11:00pm EST
obama said he was fed up with the fiscal cliff stalemate. he met with congressional leaders at the white house and announced there is working behind-the-scenes and a bipartisan deal then issued an ultimatum. >> the president spoke after what was viewed as a make or break meeting. saying that the hour for immediate action here is now. >> a high-stakes meeting at the white house. the president sat down with house speaker john boehner and other congressional leaders in hopes of cutting a last-minute deal. >> we have a constructive meeting today. . reid and senator mcconnell are discussing a potential agreement were making get a bipartisan bill out of the senate, into the house, at a timely fashion so we can meet the december 31 deadline. >> we will be working hard to see if we can get there in the next 24 hours. i'm optimistic. >> senate leaders are hoping to come back with a proposal as early as sunday. >> whatever become up with, it will be imperfect. some people will not like it, some will like it less but that is where we are. >> the president says if an agreement is not reached b
ABC
Dec 28, 2012 11:00pm EST
capitol hill is growing as we move closer to the fiscal cliff. president obama met with congressional leaders and bluntly spoke to the nation about what he says must happen before jury one. on capitol hill, what went on behind closed doors today? >> there is still a lot of work to be done by the folks who worked in the building behind me in order to avoid big tax increases, and also a big spending cuts. the countdown is on. three days, zero hours, 54 minutes. we are hearing words of optimism, but also concern. at a press conference, the president said ordinary americans can sort through disagreements. >> the notion that our elected leadership cannot do the same thing is mind-boggling to me. it needs to stop. >> if they come to a good deal, not just one that is forced -- >> of the white house christmas tree a short distance from where the president met with congress, both local residents and people from all over the country -- >> it would be nice if the king to a compromise. >> gave us their take. many worry about the tax increases that could kick in. and they are angry we are four days a out
NBC
Dec 28, 2012 6:30pm EST
>>> on the broadcast tonight, deadlocked, with less than four days until the fiscal cliff deadline. the president summons congressional leaders to the white house. what will it take to get a deal and prevent your taxes from going up? >>> winter blast. we're tracking yet another big storm. tonight, the latest on where it is head and had how it will impact holiday travel. >>> caught in the middle. tonight, hundreds of children and families with shattered dreams. why has the russian government banned adoptions by u.s. citizens? >>> and new revelations about ronald reagan's relationships with two of the most powerful women in the world, the queen and margaret thatcher in documents released three decades later. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening, i'm natalie morales in tonight for brian. it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met w
MSNBC
Dec 29, 2012 12:00pm PST
nicoderm cq. >>> three days to go before the nation goes off the fiscal cliff and congressional leaders behind closed doors, both chambers could vote on before then, but who blinks first in these negotiations may have something to do with poll numbers. the latest survey conducted by reute reuters ipso shows the latest negotiations and 27% of americans fault the republicans. 16% blame president obama. just 6% are blaming democrats. according to the same poll 23% blame republicans in congress for the national unemployment number. 16% blame the president. 7% blame democrats and the national unemployment rate right now as of november stands at 7.7%. still to come, what does the failure of speaker boehner come to get his plan b passed to gop mean for his speakership. more ahead in the war room with that, plus old man winter making a big mess around the northeast today. we'll get the latest on what that means for your travel plans. you are watching msnbc, the place for politics, and on this particular saturday the place for snow, as well. [ woman ] ring. ring. progresso. in what world do pota
FOX Business
Dec 27, 2012 6:00pm EST
: breaking news in the fiscal cliff tonight, fox news reporting there'll be a meeting of congressional leaders with the president tomorrow. we don't have a time confirmed, but in being with congressional leaders on hand will be the president, mitch mcconnell, the minority leader in the senate and of course harry reid, the majority leader. earlier reports of this story had it john boehner would be on hand, but john boehner is not even in washington, d.c., and a spokesperson told us they haven't been invited. so figure that out. who will follow as it continues to break but right now a meettng with congressional leaders on the fiscal cliff with the president on hand tomorrow, friday, and we will shirk over that. i put different topic. even if you aren't a frequent flyer, my next guest says you can enjoy the perks of being one. like being upgraded to first class and it is not as hard as you think. now, rick, have waited for this segment for the whole show because i wanted that elite status but i don't fly enough to really earn it. so tell me, how can i get that elite status without doing all the w
KRON
Dec 27, 2012 8:00pm PST
off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has details on negotiations. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> reid: "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> mcconnell: "hopefully there is s
CBS
Dec 28, 2012 7:00am PST
: washington scrambles to avert the fiscal cliff. >> president obama asked congressional leaders to convene at the white house today. >> if the president and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for
ABC
Dec 28, 2012 5:30pm EST
fiscal cliff and the last-ditch effort to stop the nation from going over. >> the president is meeting with congressional leaders just about an hour ago. any last-minute deal will likely have to wait until the senate returns. >> reporter: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to
CBS
Dec 28, 2012 4:00am PST
happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congre
KRON
Dec 27, 2012 11:00pm PST
looming fiscal cliff tomorrow at the white house. elizabeth corridan has more. as the countdown to the deadline creeps closer. >> this washington it was an ominous, stone. with five days and counting until the u.s. economy will go over the fiscal cliff. >> this year, the american people are not waiting for the ball to drop. it is not going to be good. >> reporter: with no deal spending will be slashed and taxes will go of it could spark another recession. with this deadline approaching president obama and the senate will return and speak on sunday. >> certainly there is still time. >> reporter: point is still texas the want to extend the bush assured taxes except for the time making to water vicki thousand dollars per year ordered the sticking- point is still boyish-direct taxe bush-era of texas taxes >> and. nobody wants. to really work they just want to play the name game. >> putting over the edge that the scenario is allowing tax increases to take effect and on january 3rd, the lawmakers are going to be able to cut taxes. elisabeth corridon.. awarding. >> both obama and the senate r
NBC
Dec 28, 2012 6:00pm EST
about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted political wounds. it is because they could not reach a deal earlier this year. we will have more tonight at 11. now we will lighten the mood a little bit here to talk about the soft shell crab sandwich. that's quite a sad way. it may become the first state sandwich. -- that's quite a segue. in 2008, they pass legislation to make the multi layered cake our state dessert. >> i like the sandwich. indicative ordered to -- an executive order aimed at minimizing damage to new and restructed buildings. they will need to be 2 feet higher t
NBC
Dec 28, 2012 5:00am EST
traffic pulse 11. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. danielle leigh, wbal-tv 11 news. >> today marks two we
CBS
Dec 29, 2012 1:35am EST
as the fiscal cliff. today, the president met with congressional leaders at the white house, but the action is now in the u.s. senate, where the republican and democratic leaders are trying to find some sort of compromise. but if they can't, the president is insisting on an up and down vote on his plan in both the house and senate. the vote in the news room tonight was to have gary nurenberg fill us in. gary? >> reporter: derek, how absurd is this? almost no one wants the country to see that combination of huge spending cuts and tax increases, but month after month after month, congress has been unable to cut a deal to avoid them. how absurd is this? so absurd the president is quoting yogi berra to describe it. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything has to wait until the last minute. we're now at the last minute. >> reporter: the president spoke after a meeting where republican and democratic senate leaders agreed to try to find a solution. >> we're out of t
NBC
Dec 28, 2012 6:00am EST
try again today to reach a deal to keep the country from plunging off the fiscal cliff. president obama hosting that meeting this afternoon at the white house. it will be the first time that he's met with congressional leaders since november 16th. they have just four days now to come to an agreement. democrats and republicans say that means a possible deal will likely extend tax cuts to middle class americans and postpone spending cuts scheduled to take effect. that means the contentious issue will likely be debated sometime in the future. >>> house lawmakers are preparing for an 11th hour deal. they're returning to washington for a rare sunday evening session. it's not clear what the house will do. house speaker john boehner still insists it's up to the senate to make the next move. >>> iran's state television is reporting the country's navy started training drills in the strait of hormuz. iran is reportedly warned other ships to stay away from the site until after the new year. the state tv report says it includes warships, submarines and jet fighters. other countries are worried these tests are another step towards iran developing a nuclear weapon. >>> the military world is mourning the death of the man
KRON
Dec 28, 2012 4:00am PST
afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. if they have only four days to reach an agreement. the u.s. economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many republicans remain against any tax increases. >>
CW
Dec 28, 2012 10:00pm PST
. >> the president says he's optimistic, congressional leaders promise avivement why the fiscal cliff compromise will be a cliff hanger. >> and a step back in time. how you can buy a piece of the past from your favorite ride. >> grieve, i'm elizabeth cook. >> a man and child pull from the waters and sadly, neither survived. the coast gash got the call of two people in the warter near point bonita. alyssa is there. >> reporter: the bodies were taken to fort baker. the man and young boy were at black sands beach. known for it's beautiful views of the city and treacherous surf. this stretch of coastline in sausalito is where a man and child were swept to sea and drowned. they were found floating under the golden gate bridge. late this afternoon, around 4:00, a third person who was taken out by the waves was able to get out of the surf and call 911. >> rescue united arrived and recovered two bodies, one male adult and one child. >> reporter: the water, a chilly 53 degrees. there was a high surf advisory. the beach is popular for fishing and picnics an it is dangerous with steep paths an r
CNBC
Dec 28, 2012 9:00am EST
fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a constructive meeting. we all understand where we are. >> we feel very comfortable with each other and this isn't something we're going to wait until the last day of december to get it done. >> isn't that special? now we're in the last days of december. and with just three days to go, the rhetoric has changed in the beltway. these are the latest comments. >> republicans aren't about to write a blank check for anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> the president's presented to him something that would prevent us fr
FOX
Dec 28, 2012 4:25am EST
will be left to reach a come nice in the fiscal cliff talks. president obama is holding a summit at the white house today with congressional leaders and members of the house have to be back to work by 6:30 sunday night leaving them with just over 4 hours to come to a conclusion. steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for a while. he is battling bronchitis and other complications from it. the 88-year-old was admitted to the hospital more than a month ago. >>> three people were killed when a tractor-trailer that was stopped in traffic was rear ended by a pickup. all of the victims were in the pickup. this happened about 7:00 last night and traffic was still moving slowly in the area late last night. in
NBC
Dec 28, 2012 4:30am EST
cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate came back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're now coming back on sunday. so we really need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. many have serious doubts about whether or not they will get a deal before the new year, although it is still possible, many think a deal will mor
KRON
Dec 27, 2012 5:00pm PST
that remains before our economy falls off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has the latest. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four leaders since november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> "hope
PBS
Dec 26, 2012 4:30pm PST
congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having in
FOX
Dec 26, 2012 5:00pm PST
inching closer to the so-called fiscal cliff. we spoke to congressional staffers today, why they believe politicians will allow the country to go over the cliff before making a deal. >>> officials in newtown, connecticut, plan to use the flowers, letters and other mementos sent by the public as part of the memorial. they will stay up until after new year's as residents and visitors pay their respects to the shooting victims at sandy hook elementary school. residents yesterday took turns monitoring candles that had been lit on christmas eve, one candle for each of the vils. >>> this los angeles today, gun owners could swap weapons for groceries. gun owners were asked to come with unloaded weapons in the trunks of their vehicles in exchange for a $100 gift certificate for groceries. they got a $200 gift certificate if they turned in a so-called assault weapon of the buy-back program happens in the spring but was moved up this year because of the school shooting in connecticut. >> a newspaper that covers two counties north of new york city is at the sfr of a controversy after it pos
CNN
Dec 28, 2012 2:00am PST
impending fiscal cliff creating plenty of jitters on wall street despite the fact that congressional leaders are meeting with the president today to try to hammer out a last-minute deal. the dow, nasdaq and s&p 500 futures all pointing lower this hour signaling a potential selloff at the opening bell. not just the fiscal cliff with the potential threat to the economy, thousands of dockworkers from maine to texas could go on strike within days if their union can't reach a deal with major shipping companies. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and g
NBC
Dec 28, 2012 12:00pm EST
for negotiations and a vote to avoid falling off the fiscal cliff. today, the president will meet with several congressional leaders at the white house to try to work out a deal. jennifer johnson has the latest. >> midafternoon. people in washington are now talking about a smaller deal getting done to try to prevent american from going over the fiscal cliff, but that deal will only be a temporary fix. all the major players are expected at the white house. senate leaders harry reid and its mcconnell, house leaders john boehner and nancy pelosi. it was a done with vice- president joe biden and president obama to work on a short time fixed for the crisis. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides con
CBS
Dec 27, 2012 6:00pm PST
vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, t
ABC
Dec 28, 2012 4:30am EST
avoid the fiscal cliff. a nation members the man who led allied forces in the 1991 gulf war -- a look back at the light of retired general norman schwarzkopf. >> it is friday, december 28. i am scott thuman. jacqui jeras -- we have a good day ahead of usaheadright? >> -- and head of us>right? >> we will come back in just a second. what are the roadway's like their? >> at cedar lane, it is a water main break -- traffic is heading toward southbound. squeezing by to the right. water main work continues. southbound at cedar lane. you can see everybody moving over to the right. northbound most of it is open. hopefully it will be cleaned up but right now it looks like it is still active there. take you to the beltway -- silver spring, that looks pretty good. no problems around the beltway right now. everything is starting off very smith. over toward river road -- we are also ok on the beltway. no problems to report early this morning. virginia -- springfield looking good with light traffic heading north down. hov is in today. back to you. >> a developing story from new york city -- police a
CBS
Dec 25, 2012 5:30pm PST
make sure the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting so many middle class families,
ABC
Dec 28, 2012 5:00am EST
crustacean. and the countdown to the fiscal cliff, four days ago. president obama will meet with congressional leaders this afternoon at the white house. the goal is to end the stalemate and reach a deal. now the latest. >> president obama will meet with congressional leaders later today at the white house. it may be too late for deal. does the four days left before the deadline. >> i have to be honest, mr. president, iti don't know how it can happen now, why. >> the senate majority leader last out at john boehner, accusing him of running a dictatorship. >> he seemed to care more about keeping his speakership than keeping the nation on sound financial footing. >> republican leaders blamed the democrats and say there are limits to a compromise. >> republicans should not have to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that would not be fair to the american people. >> president obama flew home early from his vacation yesterday. speaker braoehner call the house back into town. but they understand their actions may not be enough
KRON
Dec 28, 2012 8:00pm PST
falling off the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> president obama is saying that he is out of patience and he is urging congress to do its job. i >> what ever we come up with, it is not going to be perfect and did not everybody is going to like it. >> house speaker john peter does not want to bring anything to congress until it is passed by the house. those tax cuts are expected to expire house speaker john boehner does not want to bring anything until it is passed by the house. >> these everyday workers are going to be paying the price for all of not being able to get anything done. >> catherine: after a break in the rain.yet another round is this is a live look at conditions in san on van ness avenue. i'm in the weather center with jacqueline - who has been tracking this latest >> jacqueline: it has been a bit deceiving. but we are finally seeing rain hit the coast. half moon bay in the last one hour and a san francisco probably seen some sprinkles right now as
PBS
Dec 28, 2012 4:00pm PST
-- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. th
KRON
Dec 28, 2012 5:00pm PST
until we hit the fiscal cliff. the latest on today's talks on capitol hill. sigolo >> catherine: 4 days left until the fiscal president obama says he is "modestly optimistic" that a the fiscal cliff.. he met with congressional leaders at the white house today. calling the meeting 'good and constructive. update.saying people just don't understand in just a couple of days people's paychecks are going to be considerably smaller and that would be the wrong the thing to do for our economy and middle- class families and bad for businesses that depend on family spending. >> catherine: if there's no deal by midnight on the 31st. a series of tax hikes and spending cuts will automatically kick in. our political analyst michael yaki is here. we are getting a little bit of the detail what are you hearing? >> the latest news is that they are coalescing around a tax increase only of $400,000 in income. there will also patch the and, and haggling on the estate tax. and possibly the fix for doctor's reimbursement for senior medical services. for medicare. and extending unemployment benefits and also heckling if they're going to continue the $50 billion for domestic defense spending for later. that is probably what they're going to
WETA
Dec 28, 2012 6:00pm EST
deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of t
FOX News
Dec 27, 2012 4:00pm PST
schedule that the president will talk fiscal cliff with those four top congressional leaders that you mentioned, harris. the president returned to washington today. he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever he proposes. but the truth is we are coming up against a hard deadline here. and as i said, this is a conversation we should have is had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> the senate is in session and this is the first time either the house or senate has been in session for legislative business between christmas and new year's since 19
KRON
Dec 28, 2012 7:00am PST
edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they have only four days to reach an agreement. the u.s. economy and make over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are coming up against a hard deadline here and as i said this is a conversation we should have had months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans who are making $250,000 or more a year. many republicans remain against the tax increases. >> former president george h. w. bush is still in intensive care at a houston hospital this
CBS
Dec 28, 2012 6:00am PST
--you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930,
MSNBC
Dec 27, 2012 8:00am PST
fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and b
CNBC
Dec 28, 2012 4:00am EST
. economy going over the fiscal cliff. the president will meet with congressional leaders at the whiteout at about 3:00 p.m. eastern. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. spending majority leader says harry reid says prospects for monday are unlikely. senate majority leader believes there is still time for an agreement to be reached. >> republicans aren't about to sign a blank just just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> alistair newton joins us here as a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. 27% cited the gop is responsible. 16% blaming the president, 6% pointing to the democrats while 31% said they would blame all of the above for going over the cliff. alistair newton, you've seen the attitudes of the american people. i guess we're going over the c
MSNBC
Dec 28, 2012 2:00pm PST
on the 11th hour fiscal cliff talks that he had this afternoon with the congressional leaders. we're joined now about nbc's kristin welker who is on the north lawn of the white house to give us a sense of where we think the talks are at. earlier today we just heard from senate leader mitch mcconnell's office saying he hopes that senate leaders can make recommendations on the fiscal cliff by sunday. kristin, i just want to ask you while we're waiting for the president to come out here, do you get a sense of where the white house is feeling these talks are going? >> reporter: according to a source close to the talks, president obama thought the conversation was constructive this afternoon. he apparently reiterated the plan that he basically mapped out last friday, which would extend the bush era tax cuts for those making $250,000 or less, extend unemployment insurance as well as the estate tax, and i am told that those are two of the sticking points, the estate tax as well as that $250,000 figure. so that's really where the problem lies moving forward. but president obama i am t
CSPAN
Dec 28, 2012 10:30pm EST
the fiscal cliff, congressional leaders met with the president friday. afterwards, both the house and senate return for work and outstanding legislator business including the fiscal clef on sunday. live at 2:00 on c-span with the votes as early as 6:30. that is live on c-span 2. coming up, a discussion on the nasa budget and mission. >> there are cynics who say it party platform is something nobody bothers to read and does not amount to much. whether it is different this time than ever before, i believe the republican party has a platform that is a banner of a bold, unmistakable colors with the pastel shades. >> you see the evaluation of ronald reagan, his mind, his philosophy. he talks about hope and about the future without nuclear weapons in america. it is a more progressive, more optimistic view of the world than in 1976. you can see his anti communism is evolving, his cultural view is eek balding. he has not yet been gained or acquired the tax cut philosophy that it's so nicely into his optimistic outlooks of empowering individuals. >> saturday night, craig shirley on the campaig
CNBC
Dec 26, 2012 1:00pm EST
obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and
FOX News
Dec 21, 2012 4:00pm PST
the fiscal cliff. the president saying congressional leaders can reach a deal. is he optimistic before automatic spending cuts and tax hikes kick in on new year's day. the president now on his way with his family to hawaii for christmas. and the pharmacy linked to the deadly meningitis outbreak reports it has filed for bankruptcy. that new england compounding center as it's called shut down after shipping tainted steroid shots that have killed at least 39 people across the country and infected hundreds more. on this day in 1937, walt disney premiered snow white and the seven dwarfs. many critics had doubted audiences would want to watch 83 minutes of a cartoon. for that, it was considered a major financial gamble. it cost an astounding $1.5 million toak
FOX News
Dec 28, 2012 7:00pm PST
shove america off the fiscal cliff. let's go to capitol hill fox news chief congressional correspondent mike emanuel live with the latest. >> we are heading into a critical weekend as a final push is made to keep the u.s. economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be
FOX News
Dec 28, 2012 2:00pm PST
gave a press conference with three days until the fiscal cliff. about the latest white house meeting with congressional leaders saying it was indeed constructive. we have live fox team coverage. mike emanuel looks at the action in congress today. first, chief white house correspondent ed henry is in the briefing room where the president just spoke. >> you heard the president himself pleading with republicans and democrats on the hill, too, in his words to at least meet the one deadline, saying that the grand bargain, $4 trillion debt deal is far out o reach. but thinks they can at least do a modest package to prevent everyone's taxes going up at the end of the year. it note he made clear that this was only a possible agreement. they said he was only modestly optimistic, as the senate leaders right now, start work on just trying to scramble to put together some sort of a deal. >> timing, we are out of time. the next if hours will be important. >> with the nation on the vernal of the largest tax increase since world war ii, president obama called congressional leaders to white house for one last desperate shot a
CNBC
Dec 28, 2012 6:00am EST
"squawk box." in the headlines this morning, as the fiscal cliff approaches congressional leaders are set to meet with president obama at the white house this afternoon. got that going for us. news of the meeting helped u.s. stocks come well off their lows yesterday. but major averages are still coming off four consecutive losing sessions. and a threatened strike could idle more than 14,000 long shoremen this weekend. the 15 east coast courts involved in a labor dispute handle about 40% of the nation's cargo. the union contract prior one expired back in september. a 90-day extension ends this sunday. and a judge best known for his involvement in insider trading cases is handed down a ruling in a very different type of case. you know this guy? judge rakoff has reaffirmed that sly stallone did not copy someone else's screenplay for his 2010 movie "the expendables." he basically copied his rocky screen play from somebody else -- no, that's a joke. he didn't do that. i could probably get in trouble for saying that. >> we should have him on. >> i don't know, can judges come on tv? >> i don't t
KRON
Dec 28, 2012 11:00pm PST
to keep the country from falling off the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> reporter: president obama says that he and the nation are out of patience. he is urging congressional leaders to make an agreement. >> if an agreement is not made soon between which mcconnell and house speaker, john boehner i will perch read to bring in agreement that will protect the middle-class. >> reporter: with a high- stakes meeting they seem poised to work towards a solution. >> we are going to work hard to see if we can get there in the next 24 hours. i am hopeful. >> i am going to do everything i can in my power. what ever we come up with is not going to be perfect. some people are not going to like it. >> reporter: senate majority leader reed says that there were hoping not to have to meet on saturday and house speaker, john boehner will not bring anything until it is passed by the senate. however, if nothing is done unemployment benefits will expire payroll deduction will not be continued. >> if there ar
ABC
Dec 28, 2012 4:30am PST
fiscal cliff deadline rapidly approaching. congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today
CNN
Dec 28, 2012 6:00am PST
about the finger pointing over the fiscal cliff, it's happening all day, both sides blame each other for the lack of progress and today, top congressional leaders will head to the white house for a meeting with president obama, trying to strike a deal with just four days to go. getting lost in the rhetoric are everyday americans like my next guest, she says washington needs to know how important the fiscal cliff is to those who are out of work, specifically to the 2 million americans who will lose their federal unemployment benefits an average of about $300 a week if no deal is reached. >> good morning. >> you were laid off a year ago. tell us your story. >> well, yes, i was laid off a year ago around this time in december. and i received employment so i've been trying to look for a job which has been very difficult, on the internet every day. i also tried to start my own small business in the same field, janitorial services, which the whole thing of not having any money has caused a great hardship because i'm unable now to finance my business as well or get a small business loan because i don't have a job. >> $300, i just want to jump in, i ap
NBC
Dec 28, 2012 11:00am EST
house on a deal to keep the country from going over the fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out it appears a deal would likely include a extension of tax cuts for the middle class and a cancellation of scheduled spending cuts. an aide to senate majority leader mitch mcconnell said the republican senator is eager to hear from the president. >>> new year's is still a few days away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers. but here on capitol hill, they're having a rally today and you can see behind me some folks with starting to gather and this will take place as 11:30. both sides coming together to call for some kind of agreement to have before these possible tax hikes take place. that being said, i want to bring in
CSPAN
Dec 28, 2012 2:00pm EST
and alexander. that is from earlier today. their remarks on the fiscal cliff. congressional leaders are meeting with president obama to continue work on avoiding that fiscal cliff. of course, that is the mandatory tax increases and spending cuts that go into effect in three days, at the start of the new year. the meetings include the house leaders, the senate leaders, and president obama. it started about 40 or 50 minutes ago. an administration official says that timothy geithner, the treasury secretary, is also participating. we have cameras if any of the participants should choose to speak. we have a special web page set up for all things related to the fiscal cliff. access video for the related briefings and hearings. you can follow a twitter feed for reporters and members. and we also have documents and articles. all available in one spot -- c- span.org/fiscalcliff. >> if we turn away from the needs of others, and we align ourselves with those forces which are bringing about -- >> the white house is the bully pulpit and you want to take advantage of it. >> it seems to meet this
MSNBC
Dec 29, 2012 1:00pm PST
to keep the country from falling off the so-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke,
CSPAN
Dec 29, 2012 6:30pm EST
satellite corp. 2012] >> coming up, "the communicators." later, a look at the fiscal cliff with joseph rosenberg of the tax policy center. >> i like the congressional hearings, i like all the stuff about the educational stuff, all the policy-making situations. i think it is a great thing the washington, d.c. has all these things and c-span covers these. >> c-span, created in 1979 as a public service. >> james glanz is an investigative reporter with the "new york times." mr. glanz, what is an internet datacenter? >> it is a place where all the information you sent out from your communicatocomputer or mobe goes into process and storage. >> how big are these centers? >> there actually colossal. their colossal in the amount of electricity they use. some use as much electricity as a medium-sized town. it is a very secretive industry. they tend to be hiding in plain sight. littlees you'll see diesel generators on the side. those are backup power supplies. and it is a data center. >> were those located at the road they're all over the place. they're in high rises in cities, in greenfield sites out in suburban areas, there tucked away in the back of offices. they a
CNBC
Dec 28, 2012 4:00pm EST
. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up, montana's governor brian schweitzer is going to weigh in. >> looks like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hours pegs is extending the losses that we've been seeing in the last hour of trade. maybe we'll get eamon javers to get in front of the camera when we
NBC
Dec 29, 2012 5:00am EST
clearly frustrated president obama said he is fed up with the fiscal cliff stale mate. he met with congressional leaders at the white house and announced there's work behind the scenes on a bipartisan deal and enissues an ultimatum. here's sally kidd with the latest. >> president sat down with john boehner and other congressional leaders in hopes of cutting a last minute deal. >> we had a constructive meeting today. senators reed and mcconnell are discussing a potential agreement where we get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. >> we'll be working hard to see if we can try to get there in the next 24 hours. so i'm hopeful and optimistic. >> senate leaders say they're hoping to come back with a proposal as early as sunday. >> whatever we come up with will be imperfect. some people aren't gonna like it. some people will like it less but that's where we are. >> the president said if agreement isn't reached by the deadline, he will urge the senate majority leader to hold a vote on a basic package, one that ensures taxe
LINKTV
Dec 28, 2012 5:30am PST
moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequis
FOX News
Dec 30, 2012 1:00pm PST
nation's capital that harry reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every american. hello, i'm gregg jarrett. >> arthel: i'm arthel nevil. welcome to a brand-new hour. as gregg just said the ball is in the senate's court. the republicans submitted a proposal to the senate democrats last night and are still waiting for a response. who is up at the podium right now. >> gregg: let's take a look at the shot. >> they are continuing to discuss this. we think there could be a path forward. one thing there is democrats have come out and made a change on cpi and republicans are concerned if that is not used as an offset to replace some of the spending cuts that would occur under sequester that democrats put forward and alternative. this is a proc
FOX News
Dec 28, 2012 10:00am PST
congressional leaders make a last-ditch effort to avoid going over the fiscal cliff. the crucial meeting. less than two hours from now, time is running out and no agreement is in sight. with both sides staring at the abyss, the frustration is growing. the rhetoric is heating up. a political editor for the washington times joins us now with a make or break moment. what he thinks would happen? >> president obama, he expects to try one last ditch effort. a scaled-down proposal that may be able to win some agreements. republicans have a hardy sort of drawn their lines in the sand. john boehner, house speaker told his troops yesterday that he would not go in there and cut any deals. mitch mcconnell is going in there, he spends all morning talking on the floor with his members in the middle of a bunch of votes over there, he's taking their thoughts about what they can expect over there. but there is no reason to think that there is going to be any big breakthrough here. the two sides are just too far apart and too entrenched. is essentially a last-ditch effort to try to basically see if something ge
NBC
Dec 28, 2012 6:00am EST
going off the fiscal cliff. if president obama will meet with congressional leaders later today. danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of unemployment benefits expires and deep spending cuts set in, threatening another recession. >> it really upsets me because the government is a blow to be working for the people and i don't see that. >> despite what is at stake, senators came back early only to engage in another round of bickering. >> republicans have bent over backwards. we stepped way, way out of our comfort zone. >> we wanted an agreement. but we had no takers. >> we are in the same situation we have been in for a long time here. we can't negotiate w
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